Chapters of Erie: And Other Essays |
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Page 4
... millions of dollars , of which but one million were subscribed . By the time the first report was made the estimated cost had increased to six millions , and the work of construction was actually begun on the strength of stock ...
... millions of dollars , of which but one million were subscribed . By the time the first report was made the estimated cost had increased to six millions , and the work of construction was actually begun on the strength of stock ...
Page 5
... millions in 1833 , amounted to over five millions when the road passed into the hands of a receiver in 1859 , and in 1865 reached the enor- mous sum of sixteen millions and a half . The road was , in truth , a magnificent enterprise ...
... millions in 1833 , amounted to over five millions when the road passed into the hands of a receiver in 1859 , and in 1865 reached the enor- mous sum of sixteen millions and a half . The road was , in truth , a magnificent enterprise ...
Page 6
... millions , and the reputed possessor of many more . In the spring of 1866 Mr. Drew's manipulations of Erie culminated in an operation which was at the time regarded as a masterpiece ; subsequent experience has , however , sq im- proved ...
... millions , and the reputed possessor of many more . In the spring of 1866 Mr. Drew's manipulations of Erie culminated in an operation which was at the time regarded as a masterpiece ; subsequent experience has , however , sq im- proved ...
Page 7
... millions were converted into an equivalent amount of capital stock , and fifty - eight thousand shares , dumped , as it were , by the cart - load in Broad Street , made Erie as plenty as even Drew could desire . Before the astonished ...
... millions were converted into an equivalent amount of capital stock , and fifty - eight thousand shares , dumped , as it were , by the cart - load in Broad Street , made Erie as plenty as even Drew could desire . Before the astonished ...
Page 9
... millions , Vanderbilt even more so than Drew . They were probably equally unscrupulous and equally selfish ; but , while the cast of Drew's mind was sombre and bearish , Vanderbilt was gay and buoyant of temperament , little given to ...
... millions , Vanderbilt even more so than Drew . They were probably equally unscrupulous and equally selfish ; but , while the cast of Drew's mind was sombre and bearish , Vanderbilt was gay and buoyant of temperament , little given to ...
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Common terms and phrases
28 February 31 August America amount Bank Bank of England bill Binghamton bonds brokers capital cent charge circulation Colony combination committee Commodore Vanderbilt competition consolidation construction contract convertible bonds corporation counsel court currency Daniel Drew David Dudley Field debt directors dollars Drew duty effect election England Erie party Erie Railway exchange existed fact Fisk's force freights gold Groesbeck hands hundred influence injunction interest issue James Fisk Jamestown Judge Barnard legal tender legislation legislature less Mattoon ment Messrs miles millions once operations paper Parliament passed payments Pocahontas political possession President proceedings profit question railroad system Ramsey receiver regard represented result road seemed Shearman Smith Spaulding speculation tion took transactions treasury Vanderbilt vote Wall Street whole wholly writ of assistance York
Popular passages
Page 182 - I once before took leave to remind your Lordships — which was unnecessary, but there are many whom it may be needful to remind — that an advocate, by the sacred duty which he owes his client, knows, in the discharge of that office, but one person in the world, that client and none other.
Page 354 - To-day I saw the dragon-fly Come from the wells where he did lie. " An inner impulse rent the veil Of his old husk: from head to tail Came out clear plates of sapphire mail. " He dried his wings: like gauze they grew Thro' crofts and pastures wet with dew A living flash of light he flew.
Page 422 - No corporation shall be created by special laws, or its charter extended, changed or amended, except those for charitable, educational, penal or reformatory purposes, which are to be and remain under the patronage and control of the state, but the general assembly shall provide by general laws for the organization of all corporations hereafter to be created.
Page 25 - ... and the directors of the company may confer on any holder of any bond issued for money borrowed as aforesaid, the right to convert the principal due or owing thereon, into stock of said company, at any time not less than two nor more than twelve years from the date of the bond, under such regulations as the directors may see fit to adopt...
Page 221 - That some ten years ago being in Virginia, and taken prisoner by the power of Powhatan their chief...
Page 182 - OTHER. To save that client by all expedient means, to protect that client at all hazards and costs to all others, and among others to himself, is the highest and most unquestioned of his duties ; and he must not regard the alarm, the suffering, the torment, the destruction which he may bring on any other.
Page 200 - At his entrance before the King, all the people gave a great shout. The Queene of Appamatuck was appointed to bring him water to wash his hands, and another brought him a bunch of feathers, instead of a towel to dry them.
Page 423 - Assembly shall pass no law exempting any such property from execution and sale. § 3. iso railroad corporation shall consolidate its stock, property or franchises with any other railroad Corporation owning a parallel or competing line ; and in no case shall any consolidation take place, except upon public notice given, of at least sixty days, to all stockholders, in such manner as may be provided by law.
Page 423 - No railroad corporation shall issue any stock or bonds, except for money, labor, or property actually received and applied to the purposes for which such corporation was created; and all stock dividends, and other fictitious increase of capital stock or indebtedness of any such corporation, shall be void. The capital stock of no railroad corporation shall be increased for any purpose, except upon giving sixty days public notice, in such manner as may be provided by law.
Page 417 - But in the many analogous cases which it is best to resign to voluntary agency, the community needs some other security for the fit performance of the service than the interest of the managers ; and it is the part of government, either to subject the business to reasonable conditions for the general advantage, or to retain such power over it, that the profits of the monopoly may at least be obtained for the public.